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Essential Commodities Act (ECA) 1955 was in news recently Which of...

This question belongs to Political Science Governance And Public Policy In India
Governance and Public Policy in India
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Essential Commodities Act (ECA), 1955 was in news recently. Which of the following statement(s) is/are incorrect about ECA?
1. ECA was enacted to ensure the easy availability of essential commodities to consumers.
2. Government intervention through ECA can increase price volatility of essential Commodities
3. ECA incentivises storag e infrastructure development
Select the correct answer:

Answer & Solution
Correct Answer: Option C
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